EURCAD pin bar opportunity
Price is in obvious trading range, also confirmed by higher time frames. Price has reached an area known to contain sellers. A bearish pin bar has formed indicating that sellers have taken control of price over the last 24 hours. If sellers have strong enough commitment they push price down. Entry could be placed half way of pin bar, target close to next level of support. Reward is 3:1
Trade closed: stop reached
Stop reached. I will be looking for further short opportunities over the next 24 hours.
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